Decision Making in Project Management Case Study

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The managers should also develop plans that refer to the human resources that must be included in their projects. This is because these projects usually require that certain experts are hired and involved in the project team. The effects of the projects must be carefully evaluated and presented to Childs.

3. These projects are likely to provide important effects for the company, but they also require important resources. Therefore, it is recommended that Childs takes these projects into consideration by allocating different levels of financial resources to their managers. However, the most important sum should be allocated to Tyler's project. This is because increasing the efficiency of the company's production flow is able to provide important effects on medium term and on long-term. This could help the company significantly improve its position on the market.

The project developed by Julie should also benefit from certain resources. This is because the company has already invested in it and other companies seem to develop similar projects, which means the strategy is correct.

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Therefore, with higher levels of resources involved in the project, its objectives could be reached easier. Childs should also invest in purchasing computers by investing in the project developed by Jeff. It is important that the company's activity is supported by technology. This is because most companies make important efforts in investing in technological developments in order to improve their performance. The company should also invest in the marketing activity managed by Joe. The company's performance on the market can be significantly influenced by developing and implementing innovative marketing strategies. This would allow the company to increase its sales and to improve its market position.

Reference list:

1. Turbit, N. (2011). Project Risk Management. Retrieved May 7, 2011 from http://www.projectperfect.com.au/info_risk_mgmt.php......

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